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2024-03-31-accounts

REGISTERED COMPANY NUMBER: 02704659 (England and Wales)
REGISTERED CHARITY NUMBER: 1022810

REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

FOR

WILLESBOROUGH WINDMILL TRUST

Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

WILLESBOROUGH WINDMILL TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

----- Start of picture text -----
Page
Reference and Administrative Details 1
Report of the Trustees 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 16
----- End of picture text -----

WILLESBOROUGH WINDMILL TRUST

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES Mrs C J Drury (Treasurer)
J R White
C S George
A D Terry
E C Crouch
Ms F Brann
COMPANY SECRETARY Ms F Brann
REGISTERED OFFICE Willesborough Windmill Trust
Mill Lane
Willesborough
Ashford
Kent
TN24 0QG
REGISTERED COMPANY 02704659 (England and Wales)
NUMBER
REGISTERED CHARITY 1022810
NUMBER
INDEPENDENT EXAMINER Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG
BANKERS CafCash Limited
Kings Hill
West Malling
Kent
ME19 4JQ 
Page 1

WILLESBOROUGH WINDMILL TRUST (REGISTERED NUMBER: 02704659)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31March2024.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

ThepreservationofWillesboroughWindmillforthebenefitofthegeneralpublicandinparticularfor the
residents of the county of Kent,

The working name of the Trust is 'Ashford's Industrial Heritage Museum'.

Public benefit

TheTrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharity Commission's
generalguidanceonpublicbenefitwhenreviewingtheTrust'saimsandobjectivesandinplanning future
activities.

ACHIEVEMENT AND PERFORMANCE

Review of the business, incorporating main activities and main achievements and plans for the future

Theyear2023-2024hasbeenasuccessfulyearforWillesboroughWindmill.TheMillhasbeenopen for
smallpartytours;wedding/civilpartnershipceremoniestookplace.Thetearoomhasoperated accepting
paymentsmainlybycardandtablecoveringshavebeenreplacedwithcolourfulmattoilclothwhich can
beeasilycleanedandsanitisedbetweeneachuse;Afullrangeofsocialeventsalsotookplace, all
popularandwell-attended.TheFriendsofWillesboroughWindmillwereabletomakea substantial
donation to The Trust to finance the operation of the Windmill.

IncommonwithallbusinessestheWindmillhasseenanincreaseincostsforenergy,maintenance and
forcateringsupplies.Allusersareaskedtobeeconomicalwithenergyusage.Somecateringcosts have
been increased. The tenant of the Mill flat assists with minor maintenance and has cared for the Mill cat.

OurMillwright,PaulKemp,haskeptthemillrunningwithregularmaintenancechecks;volunteers have
tendedtothegroundsandplanting;ourthanksgotoallthosewhohavegivenfreelyoftheirtime. Grain
hasbeenmilledandsoldtothepublicinPluckley,GibbetOakandPerryCourtFarmShopsandis also
available at the Mill.

TheMillwillopenforMillToursfromApriltoOctober,Saturdays,SundaysandBankHoliday Mondays
from 2 - 5pm; during July and August it will also open on Wednesdays.

Weddings and Civil partnership ceremonies have fully re-commenced and the Mill is a popular venue.

CateringissuppliedbyMrsCobbs'KitchenintheBarnwhichhasreceivedmaximum5Stars hygiene
ratingfromAshfordBoroughCouncil"ScoresontheDoorsand"recommended"accoladefrom Restaurant
Guru.  Our thanks go to the voluntary staff who have made this possible.

Duringtheyearwehopetobeabletodevelopourheritagefieldandfinishtherebuilding of
WillesboroughlevelcrossingsignalboxandgatesandstarttherebuildingoftheKentish ragstone
mortuary building rescued from Willesborough Cemetery.

Page 2

WILLESBOROUGH WINDMILL TRUST (REGISTERED NUMBER: 02704659)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Willesborough Windmill also participated in the Wheels of Time initiative.

Thisisaschemesetupbyaconsortiumoforganisationstoenableyoungpeopletodiscover Kent's
museumsandheritagesites,whilstcollectingindividualbadgesalongtheway.Participantscanvisit any
ofthemuseumsandheritagesitesshownontheRoamin'Rex'smapandcollectoneofthe different
badges at each one, there are currently 57 participants.

Fundraising events planned for 2024 include: -

All the Trustees and volunteers are looking forward to a successful 2024.

FINANCIAL REVIEW

Financial review

Incomefortheyearamountedto£30,120(2023:£11,795)andexpendituretotalled£22,573 (2023:
£14,451).Thisresultedinasurplusfortheyearof£7,547(2023:deficit£2,656)andnetfundsat 31
March 2024 of £28,114 (2023 :£20,567).

Reserves policy

TheBoardofManagementhavereviewedthegeneralreservesheldbythecharityandfeelthatthey are
not excessive.

Duringtheyear,TheBoardofManagementhavereviewedthereservespolicyandfeelthatthe general
reservesshouldrepresentatleastoneyear'sexpectedsupportcostswhichwouldamountto £2,400
(2023:£2,400).At31March2024unrestrictedreservesamountedto£6,595(2023: £6,396).
MaintenancecostsaremainlycoveredbytheAnnualMaintenancegrantfromAshfordBorough Council
withotheressentialcostscoveredbyperiodicdonationsfromWillesboroughWindmillEnterprisesLtd and
Friends of Willesborough Windmill.

Designatedfundsat31March2024amountedto£nil(2023:£nil)andfurtherdetailscanbefound on
page 17.

Restrictedfundsat31March2024amountedto£21,519(2022:£14,171)andfurtherdetailscan be
found on page 16.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimited company,
limited by guarantee, as defined by the Companies Act 2006.

Page 3

WILLESBOROUGH WINDMILL TRUST (REGISTERED NUMBER: 02704659)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

WillesboroughWindmillTrustwasincorporatedasacompanylimitedbyguarantee,exemptunder section
30,andnothavingasharecapitalundertheCompaniesAct1985on7April1992asamended 13
January 2021 and is a registered charity, number 1022810.

Governance and management

TheBoardofManagementofWillesboroughWindmillTrustareresponsibleforthegeneralcontrol and
managementoftheadministrationofthecompany.TheaffairsofWillesboroughWindmillTrustshall be
managedbytheBoardofManagement.ThenumberofmembersoftheBoardshallnotbelessthan two
nor more than eight.

The members of the Board of Management during the year were as follows :

C George                J White
A D Terry               F Brann
E Crouch
C Drury

ThecompanyhasnosharecapitalandthemembersoftheBoardofManagementhavenointerestin its
surplus or assets and receive no remuneration.

Appointment of the Board of Management

TheBoardofManagementmayatanytimeappointanyperson(beingamemberoftheTrust)tobe a
memberoftheBoardofManagementeithertofillacasualvacancyorasanadditiontothe existing
membership.

Inaccordancewiththecompany'sArticlesofAssociation,CDruryretiresbyrotationfromtheBoard of
Management and, being eligible, offers himself for re-election.

Pay policy for key management personnel

TheBoardofManagementconsiderthattheycomprisethekeymanagementpersonnelofthecharity in
chargeofdirectingandcontrolling,runningandoperatingthecharityonadaytodaybasis.AllBoard of
Management members give of their time freely and no member received remuneration in the year.

Risk management

TheBoardofmanagementhaveexaminedthemajorstrategic,businessandoperationalriskswhich the
charityfacesandconfirmthatsystemshavebeenestablishedtoenablethecharitytolessenor mitigate
those risks.

PhysicalrisksattheMillhavebeenassessedandstepstakentomitigatethesewherepossible.TheMill is
ofcoursefullyinsured.TheMillisequippedwithfireextinguishersandsmokedetectors,good lighting
andemergencylighting.VisitorstotheMillarealwaysaccompaniedbyatrainedMillGuide. Risk
assessments have been carried out as necessary to define mitigation.

Withregardstofinancialrisks,theFriendsofWillesboroughWindmill,inconjunctionwiththeTrust, open
theMillforsevenmonthsofeachyearandholdeventstoraiseadditionalfunds.Theyalsooperate a
smallcaféonsite.TheseactivitieshelpbridgethegapbetweentheCouncilGrantandthecost of
repairs/refurbishment of the Mill. Where possible other Grants are obtained to carry out specific projects.

TheBoardofManagementhavereviewedtherisksassociatedwithCovid-19andhaveputinplace safety
measures to ensure National Guideline will be followed.

Approved by order of the board of trustees on 15 December 2024 and signed on its behalf by:

Ms F Brann - Secretary

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
WILLESBOROUGH WINDMILL TRUST

Independentexaminer'sreporttothetrusteesofWillesboroughWindmillTrust ('the
Company')

IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 March 2024.

Responsibilities and basis of report

Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').

HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunder Section
145(5) (b) of the 2011 Act.

Independent examiner's statement

Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin connection
with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.

David Ashby FCCA ACA

Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

16 December 2024

Page 5

WILLESBOROUGH WINDMILL TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
fund
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
15,600
7,000
Investment income
3
7,172
348
Total
22,772
7,348
EXPENDITURE ON
Charitable activities
4
The Preservation of the Willesborough
Windmill for the benefit of the general
public.
22,573
-
NET INCOME/(EXPENDITURE)
199
7,348
RECONCILIATION OF FUNDS
Total funds brought forward
6,396
14,171
TOTAL FUNDS CARRIED FORWARD
6,595
21,519		 2024
Total
funds
£
22,600
7,520
30,120
22,573
7,547
20,567
28,114		 2023
Total
funds
£
10,800
995
11,795
14,451
(2,656)
23,223
20,567		 
The notes form part of these financial statements

Page 6

WILLESBOROUGH WINDMILL TRUST (REGISTERED NUMBER: 02704659)

BALANCE SHEET 31 MARCH 2024

Unrestricted
Restricted
fund
funds
Notes
£
£
FIXED ASSETS
Tangible assets
8
98
-
Investments
9
1
-
99
-
CURRENT ASSETS
Debtors
10
-
-
Cash at bank
8,062
21,519
8,062
21,519
CREDITORS
Amounts falling due within one year
11
(1,566)
-
NET CURRENT ASSETS
6,496
21,519
TOTAL ASSETS LESS CURRENT
LIABILITIES
6,595
21,519
NET ASSETS
6,595
21,519
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2024
Total
funds
£
98
1
99
-
29,581
29,581
(1,566)
28,015
28,114
28,114
6,595
21,519
28,114		 2023
Total
funds
£
115
1
116
612
21,447
22,059
(1,608)
20,451
20,567
20,567
6,396
14,171
20,567		 
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 31 March 2024.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

continued...

Page 7

WILLESBOROUGH WINDMILL TRUST (REGISTERED NUMBER: 02704659)

BALANCE SHEET - continued 31 MARCH 2024

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
15 December 2024 and were signed on its behalf by:

J R White - Trustee

The notes form part of these financial statements

Page 8

WILLESBOROUGH WINDMILL TRUST

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.The financial
statementshavebeenpreparedunderthehistoricalcostconvention,withtheexception of
investments which are included at market value.

Group accounts exemption

ThefinancialstatementscontaininformationaboutWillesboroughWindmillTrustasan individual
companyanddonotcontainconsolidatedfinancialinformationastheparentofagroup. The
charityisexemptunderSection399(2A)oftheCompaniesAct2006fromtherequirements to
prepare consolidated financial statements.

Judgements and key sources of estimation uncertainty

Accountingestimatesandjudgementsarecontinuallyevaluatedandarebasedon historical
experienceandotherfactors,includingexpectationsoffutureeventsthatarebelievedto be
reasonable under the circumstances. There are no areas of judgment or key estimations.

Useful economic lives of tangible assets

Theannualdepreciationchargefortangibleassetsissensitivetochangesintheestimated useful
economiclivesandresidualvaluesoftheassets.Theusefuleconomiclivesandresidualvalues are
reassessedannually.Theyareamendedwhennecessarytoreflectcurrentestimates,based on
technologicaladvancement,futureinvestments,economicutilisationandthephysicalcondition of
the assets.

Income

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.

VoluntaryincomeincludingdonationsandgiftsisincludedintheStatementofFinancial Activities
when receivable.

Investment income is included when receivable.

RentalincomeisincludedintheStatementofFinancialActivitiesintheyearinwhichit is
receivable.

IncomefromgrantsisincludedintheStatementofFinancialActivitiesintheyearinwhichit is
receivable.

Governmentgrantsarerecognisedatthefairvalueoftheassetreceivedorreceivablewhen there
isreasonableassurancethatthegrantconditionswillbemetandthegrantswillbereceived. A
grantthatspecifiesperformanceconditionsisrecognisedinincomewhenthe performance
conditionsaremet.Whereagrantdoesnotspecifyperformanceconditionsitisrecognised in
incomewhentheproceedsarereceivedorreceivable.Agrantreceivedbeforethe recognition
criteria are satisfied is recognised as a liability.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.

continued...

Page 9

WILLESBOROUGH WINDMILL TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES - continued

Expenditure

Charitableexpenditurecomprisesthosecostsincurredbythecharityinthedeliveryofits activities
andservicesforitsbeneficiaries.Itincludesbothcostsallocateddirectlytosuchactivities and
those costs of an indirect nature necessary to support them.

Governancecostsincludethoseincurredinthegovernanceofthecharityandare primarily
associated with constitutional and statutory requirements.

Tangible fixed assets

Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.

Short leasehold Improvements- Straight line over 10 years
Equipment, Fixtures & Fittings- 15% on reducing balance
Donated assets- 15% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.

Designatedfundsrepresentfundssetasidebythedirectorsforspecificprojects.The designated
fundbalancehasbeenrepresentedtoensurethatfundbalancestatedaccuratelyreflects the
designation policy adopted by the Trustees.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.

Debtors and creditors receivable/payable within one year

Debtorsandcreditorswithnostatedinterestrateandreceivableorpayablewithinoneyear are
recorded at transaction price.Any losses arising from impairment are recognised in expenditure.

Going Concern

ThefinancialstatementshavebeenpreparedonagoingconcernbasisastheTrusteesbelieve that
nomaterialuncertaintiesexist.TheTrusteeshaveconsideredtheleveloffundsheldand the
expectedlevelofincomeandexpenditurefor12monthsfromauthorisingthese financial
statements.Thebudgetedincomeandexpenditureissufficientwiththelevelofreservesfor the
charitytobeabletocontinueasagoingconcern.TheTrusteeshaveputinplaceplansto mitigate
risksarisingfromCovid-19.Thecharityhasutilisedgovernmentmeasureswhichhave been
introduced to assist through the current crisis, such as the Small Business Grant Fund.

continued...

Page 10

WILLESBOROUGH WINDMILL TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

2.
DONATIONS AND LEGACIES
Donations
Grants
Grants received, included in the above, are as follows:
Ashford B C -Maintenance of the Windmill
Ashford B C- Administrative costs
3.
INVESTMENT INCOME
Rents received
Deposit account interest
4.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
The Preservation of the
Willesborough Windmill for the
benefit of the general public.
20,128
5.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 2024
£
13,600
9,000
22,600
2024
£
9,000
-
9,000
2024
£
6,963
557
7,520
Support
costs
£
2,445
2024
£
17		 2023
£
1,800
9,000		 2023
£
1,800
9,000
10,800
2023
£
7,000
2,000
9,000
2023
£
900
95
995
Totals
£
22,573		 2023
£
7,000
2,000
9,000
2023
£
900
95
995
2023
£
20

6. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2024nor for
the year ended 31 March 2023.

Trustees' expenses

Therewerenotrustees'expensespaidfortheyearended31March2024norfortheyear ended
31 March 2023.

continued...

Page 11

WILLESBOROUGH WINDMILL TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3,800
Investment income
977
Total
4,777
EXPENDITURE ON
Charitable activities
The Preservation of the Willesborough
Windmill for the benefit of the general
public.
14,451
NET INCOME/(EXPENDITURE)
(9,674)
RECONCILIATION OF FUNDS
Total funds brought forward
16,070
TOTAL FUNDS CARRIED FORWARD
6,396
8.
TANGIBLE FIXED ASSETS
Short
Equipment,
leasehold
Fixtures
Improvements
& Fittings
£
£
COST
At 1 April 2023 and 31 March 2024
16,564
3,087
DEPRECIATION
At 1 April 2023
16,564
2,978
Charge for year
-
16
At 31 March 2024
16,564
2,994
NET BOOK VALUE
At 31 March 2024
-
93
At 31 March 2023
-
109		 Restricted
funds
£
7,000
18
7,018
-
7,018
7,153
14,171
Donated
assets
£
500
494
1
495
5
6		 Total
funds
£
10,800
995
11,795
14,451
(2,656)
23,223
20,567
Totals
£
20,151
20,036
17
20,053
98
115		 
Shortleaseholdimprovementsamountingto£7,683,representimprovementstotheWindmill prior
tothegrantingofanew25yearleaseon1April2002.Theyhavebeenwrittenoffoverthelife of
the previous lease.

Additionalimprovements,totalling£8,881,aretobewrittenoffoveranexpectedusefullifeof 10
years.

continued...

Page 12

WILLESBOROUGH WINDMILL TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Unlisted
investments
£
MARKET VALUE
At 1 April 2023 and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1 
There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the
following:

Willesborough Windmill Enterprises Ltd

Registered office:
%
Class of share:
holding
Ordinary
50
Aggregate capital and reserves
Profit/(loss) for the year
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
Accruals and deferred income
12.
MOVEMENT IN FUNDS
At 1/4/23
£
Unrestricted funds
General fund
6,396
Restricted funds
Ashford Borough Council Maintenance
Fund
11,424
NHMF Lottery Fund
2,747
14,171
TOTAL FUNDS
20,567		 31/3/24
£
5,853
2,932
2024
£
-
2024
£
450
1,116
1,566
Net
movement
in funds
£
199
7,287
61
7,348
7,547		 31/3/23
£
2,921
(566)
2023
£
612
2023
£
450
1,158
1,608
At
31/3/24
£
6,595
18,711
2,808
21,519
28,114		 
continued...

Page 13

WILLESBOROUGH WINDMILL TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Ashford Borough Council Maintenance
Fund
NHMF Lottery Fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Ashford Borough Council Maintenance
Fund
NHMF Lottery Fund
TOTAL FUNDS
Comparative net movement in funds, included in the above
Unrestricted funds
General fund
Restricted funds
Ashford Borough Council Maintenance
Fund
NHMF Lottery Fund
TOTAL FUNDS		 Incoming
resources
£
22,772
7,287
61
7,348
30,120
At 1/4/22
£
16,070
4,424
2,729
7,153
23,223
are as follows:
Incoming
resources
£
4,777
7,000
18
7,018
11,795		 Resources
Movement
expended
in funds
£
£
(22,573)
199
-
7,287
-
61
-
7,348
(22,573)
7,547
Net
movement
At
in funds
31/3/23
£
£
(9,674)
6,396
7,000
11,424
18
2,747
7,018
14,171
(2,656)
20,567

Resources
Movement
expended
in funds
£
£
(14,451)
(9,674)
-
7,000
-
18
-
7,018
(14,451)
(2,656)		 
continued...

Page 14

WILLESBOROUGH WINDMILL TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:
Net
movement At
At 1/4/22 in funds 31/3/24
£ £ £
Unrestricted funds
General fund 16,070 (9,475) 6,595
Restricted funds
Ashford Borough Council Maintenance
Fund 4,424 14,287 18,711
NHMF Lottery Fund 2,729 79 2,808
7,153 14,366 21,519
TOTAL FUNDS 23,223 4,891 28,114 
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Unrestricted funds
General fund
Restricted funds
Ashford Borough Council Maintenance
Fund
NHMF Lottery Fund
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
27,549
(37,024)
(9,475)
14,287
-
14,287
79
-
79
14,366
-
14,366
41,915
(37,024)
4,891		 
TheAshfordBoroughCouncilMaintenanceFundisforthepurposeofmaintenanceofthe Windmill.
£7,000 is received each year, for 25 years, from Ashford Borough Council.

TheLotteryFundisrestrictedtothepurchaseofnewsweepsandatotalof£35,000was initially
awarded.

13. RELATED PARTY DISCLOSURES

CertainmembersofthecompanyarealsomembersofTheFriendsofWillesboroughWindmill. Any
surplusarisingfromthetradingactivitiesofTheFriendsofWillesboroughWindmillisdonated to
the company in accordance with The Friend's Rules.

During the year £13,150 (2023: £2,000) was received from The Friends of Willesborough Windmill.

CertainmembersofthecompanyarealsodirectorsofWillesboroughWindmillEnterprisesLtd. Any
surplusarisingfromthetradingactivitiesofWillesboroughWindmillEnterprisesLtdisgiftedto the
company.

During the year £nil (2023: £nil) was received from Willesborough Windmill Enterprises Ltd.

continued...

Page 15

WILLESBOROUGH WINDMILL TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

14. COMPANY STRUCTURE

Thecompanyisacompanylimitedbyguaranteeandnothavingasharecapital.Everymember of
thecompanyundertakestocontributeinawindingupasumnotexceeding£1whilsttheyare a
member,orwithinoneyearafterceasingtobeamember,towardsdebtsandliabilities contracted
beforeceasingtobeamember.AllmembersofthecompanyarealsomembersoftheBoard of
Management.

15. DESIGNATED FUNDS

ThedesignatedfundforMillPaintingworkrepresentsfundssetasideforthecyclicalpaintingof the
Windmill. The five year cycle of mill painting started in 2018, this was completed in 2021/22.

Next year the next cycle of mill painting will commence and funds will be put aside each year.

Page 16

Willesborough Windmill Cash Account 2023- 2024

Opening Balance
Plus income
Minus Expenditure
Closing Balance
Balance on statement
Cheques o/s
Balance on statement
chqs		 April
May
June
July
7544.23
7193.68
11759.93
9977.87
650.00
15450.00
455.01
450.00
1000.55
10883.75
2237.07
2308.60
7193.68
11759.93
9977.87
8119.27
7593.68
12324.93
9990.87
8119.27
400.00
565.00
13.00
0.00
7193.68
11759.93
9977.87
8119.27		 August
8119.27
0.00
2818.75
5300.52
6406.95
1106.43
5300.52		 Sept
5300.52
503.91
547.61
5256.82
5656.82
400.00
5256.82		 October
5256.82
450.00
1840.57
3866.25
5600.32
1734.07
3866.25
1734.07
November
3866.25
450.00
227.99
4088.26
4488.26
400.00
4088.26
400.00		 December
4088.26
564.92
2243.88
2409.30
2409.30
0.00
2409.30		 January
2409.30
3450.00
3723.47
2135.83
3425.83
1290.00
2135.83
890.00
400.00		 February
2135.83
3700.00
2451.49
3384.34
4274.34
890.00
3384.34
890.00		 March
3384.34
452.03
26575.87
30118
1702.32
31986.05
2134.05
2761.03
626.98
2134.05
146.98
480.00

less tsf £6k

Willesborough Windmill Income 2023-24

Date Reference Rent Donaton TSF Int Total
April
11.4.23 Colin Marshall 450.00 450.00
21.4.23 Norman Cycles 200.00 200.00
YTD Sub Totals 450.00 200.00 650.00
May
9.5.23 Colin Marshall 450.00 450.00
11.5.23 Friends 15000.00 15000.00
YTD Sub Totals 900.00 15200.00 16100.00
June
9.6.23 Colin Marshall 450.00 450.00
26.6.23 Int 5.01 5.01
YTD Sub Totals 1350.00 15200.00 5.01 16555.01
July
10.7.23 Colin Marshall 450.00 450.00
YTD Sub Totals 1800.00 15200.00 5.01 17005.01
September
8.9.23 Colin Marshall 500.00 500.00
26.9.23 Int 3.91 3.91
2300.00 15200.00 8.92 17508.92
October
6.10.23 Colin Marshall 450.00 450.00
2750.00 15200.00 8.92 17958.92
November
3.11.23 Colin Marshall 112.50 112.50
10.11.23 Colin Marshall 112.50 112.50
17.11.23 Colin Marshall 112.50 112.50
24.11.23 Colin Marshall 112.50 112.50
3200.00 15200.00 8.92 18408.92
December
1.12.23 Colin Marshall 112.50 112.50
8.12.23 Colin Marshall 112.50 112.50
15.12.23 Colin Marshall 112.50 112.50
22.12.23 Colin Marshall 112.50 112.50
27.12.23 Interest 2.42 2.42
29.12.23 Colin Marshall 112.50 112.50
3762.50 15200.00 11.34 18973.84
January 2024
4.1.24 TSF from 89238 3000.00 3000.00
5.1.24 Colin Marshall 112.50 112.50
12.1.24 Colin Marshall 112.50 112.50
19.1.24 Colin Marshall 112.50 112.50
26.1.24 Colin Marshall 112.50 112.50
4212.50 15200.00 3000.00 11.34 22423.84
Feb-24
2.2.24 Colin Marshall 112.50 112.50
9.2.24 Colin Marshall 112.50 112.50
16.2.24 Colin Marshall 112.50 112.50
19.2.24 Norman Cycles 250.00 250.00
22.2.24 from 87336 3000.00 3000.00
23.2.24 Colin Marshall 112.50 112.50
4662.50 15450.00 6000.00 11.34 26123.84
Mar-24
1.3.24 Colin Marshall 112.50 112.50
8.3.24 Colin Marshall 112.50 112.50
15.3.24 Colin Marshall 112.50 112.50
22.3.24 Colin Marshall 112.50 112.50
26.3.24 Int 2.03 2.03
5112.50 15450.00 6000.00 13.37 26575.87

15450.00

455.01 450.00 503.91 450

450.00 564.92 3450.00

3700.00 452.03

Willesborough WindmillCash Account 2023-2024 Willesborough WindmillCash Account 2023-2024 Willesborough WindmillCash Account 2023-2024 Willesborough WindmillCash Account 2023-2024
Date ChqNo Payee Gen Admin Electricity Telephone Water Maint Grounds Electrical Total
ABC Maint Maint £
April P
4.4.23 DD EDF 282.55 282.55
17.4.23 DD Account fee 5.00 5.00
20.4.23 649 Paul Kemp 400.00 400.00
25.4.23 DD EDF 313.00 313.00
YTD sub totals 0.00 595.55 400.00 995.55
May
11.5.23 tsf tsf to 89238 10000.00 10000.00
15.5.23 DD Account fee 5.75 5.75
17.5.23 650 Paul Kemp 400.00 400.00
17.5.23 851 ATTA 165.00 165.00
25.5.23 DD EDF 313.00 313.00
YTD sub totals 10170.75 908.55 800.00 11879.30 10883.75
June
15.6.23 DD Account fee 9.50 9.50
16.6.23 DD Castle Water 168.25 168.25
19.6.23 852 Paul Kemp 400.00 400.00
19.6.23 853 ICO 40.00 40.00
19.6.23 854 M.Burge HMRC 13.00 13.00
19.6.23 855 BT 139.61 139.61
21.6.23 856 Zurich Insurance 1466.71 1466.71 2237.07
YTD sub totals 11699.96 908.55 139.61 168.25 1200.00 14116.37
July
5.7.23 DD EDF 1284.10 1284.10
15.7.23 DD Account fee 6.50 6.50
21.7.23 857 Paul Kemp 400.00 400.00
25.7.23 DD EDF 618.00 618.00 2308.60
YTD sub totals 11706.46 2810.65 139.61 168.25 1600.00 16424.97
August
15.8.23 DD Account fee 5.75 5.75
11.8.23 858 Paul Kemp 400.00 400.00
11.8.23 859 PPL PRS 519.86 519.86
23.8.23 DD EDF 618.00 618.00
25.8.23 DD Scotsh Water 568.71 568.71 2112.32
26.8.23 860 MBK Electrical 264.00 264.00
26.8.23 861 Commercial Services 442.43 442.43 2818.75
YTD sub totals 12232.07 3428.65 139.61 736.96 2000.00 442.43 264.00 19243.72
September
15.9.23 DD Account fee 8.00 8.00
17.9.23 862 BT 139.61 139.61
29.9.23 863 Paul Kemp 400.00 400.00 547.61
YTD sub totals 12240.07 3428.65 279.22 736.96 2400.00 442.43 264.00 19791.33
October
5.10.23 864 Garden Centre MB 100.00 100.00
15.10.23 DD Account fee 6.50 6.50
31.10.23 865 Commercial Services 934.07 934.07
31.10.23 866 Paul Kemp 400.00 400.00
31.10.23 867 Paul kemp 400.00 400.00 1840.57
12346.57 3428.65 279.22 736.96 2400.00 1376.50 264.00 20831.90
November
8.11.23 DD EDF 221.49 221.49
15.11.23 DD Account fee 6.50 6.50 227.99
12353.07 3650.14 279.22 736.96 2400.00 1376.50 264.00 21059.89
December
6.12.23 868 Paul Kemp 400.00 400.00
15.12.23 DD Account fee 8.00 8.00
15.12.23 869 MBK Electrical 1248.00 1248.00
15.12.23 870 BT 139.61 139.61
18.12.23 DD Castle Water 448.27 448.27 2243.88
12361.07 3650.14 418.83 1185.23 2800.00 1376.50 1512.00 23303.77
January2024
9.1.24 871 GMP Accountant 1062.00 1062.00
10.1.24 872 Paul Kemp 400.00 400.00
12.1.24 DD EDF 964.97 964.97
15.1.24 DD Account fee 6.50 6.50
26.1.24 873 T.Driscoll roofng 890.00 890.00
26.1.24 874 Paul Kemp 400.00 400.00 3723.47
13423.07 4621.61 418.83 1185.23 4490.00 1376.50 1512.00 27027.24
Feb-24
15.2.24 DD Account fee 5.75 5.75
29.2.24 DD EDF 2445.74 2445.74 2451.49
13428.82 7067.35 418.83 1185.23 4490.00 1376.50 1512.00 29478.73
Mar-24
7.3.24 875 Paul Kemp 480.00 480.00
14.3.24 876 BT 146.98 146.98
14.3.24 DD Account fee 6.50 6.50
19.3.24 DD EDF 588.84 588.84
28.3.24 877 Paul Kemp 480.00 480.00 1702.32
13435.32 7656.19 565.81 1185.23 5450.00 1376.50 1512.00 31181.05

Willesborough WindmillLotery Grant Account 2023- 2024

£
Opening Balance 2747.67
26.6.23 Int 9.81
26.9.23 Int 15.77
2773.25
27.12.23 int 17.29
2790.54 agreed
26.3.24 int 17.39
2807.93 agreed

Willesborough Windmill ABC Funding Accoun t 2023- 2024

£
Opening Balance 10685.30
26.6.23 Int 38.18
30.8.23 ABC grant 2000.00
26.9.23 int 65.01
12788.49 agreed
27.12.23 int 79.71
12868.20 agreed
23.1.23 ABC grant 7000.00
22.2.24 tsf -3000.00
16868.20 agreed
26.3.24 int 103.64
16971.84 agreed

Willesborough Windmill General Reserve Account 2023- 2024

£
Opening Balance 471.47
11.5.23 TSF from 5359 10000.00
26.6.23 int 20.39
26.9.23 Int 60.00
10551.86 agreed
27.12.23 int 65.77
10617.63 agreed
13.1.24 tsf to 5359 -3000.00
7617.63
26.3.24 int 49.33
7666.96 agreed 
REGISTERED COMPANY NUMBER: 02704659 (England and Wales)
REGISTERED CHARITY NUMBER: 1022810

REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

FOR

WILLESBOROUGH WINDMILL TRUST

Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

WILLESBOROUGH WINDMILL TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

----- Start of picture text -----
Page
Reference and Administrative Details 1
Report of the Trustees 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 16
----- End of picture text -----

WILLESBOROUGH WINDMILL TRUST

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES Mrs C J Drury (Treasurer)
J R White
C S George
A D Terry
E C Crouch
Ms F Brann
COMPANY SECRETARY Ms F Brann
REGISTERED OFFICE Willesborough Windmill Trust
Mill Lane
Willesborough
Ashford
Kent
TN24 0QG
REGISTERED COMPANY 02704659 (England and Wales)
NUMBER
REGISTERED CHARITY 1022810
NUMBER
INDEPENDENT EXAMINER Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG
BANKERS CafCash Limited
Kings Hill
West Malling
Kent
ME19 4JQ 
Page 1

WILLESBOROUGH WINDMILL TRUST (REGISTERED NUMBER: 02704659)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31March2024.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

ThepreservationofWillesboroughWindmillforthebenefitofthegeneralpublicandinparticularfor the
residents of the county of Kent,

The working name of the Trust is 'Ashford's Industrial Heritage Museum'.

Public benefit

TheTrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharity Commission's
generalguidanceonpublicbenefitwhenreviewingtheTrust'saimsandobjectivesandinplanning future
activities.

ACHIEVEMENT AND PERFORMANCE

Review of the business, incorporating main activities and main achievements and plans for the future

Theyear2023-2024hasbeenasuccessfulyearforWillesboroughWindmill.TheMillhasbeenopen for
smallpartytours;wedding/civilpartnershipceremoniestookplace.Thetearoomhasoperated accepting
paymentsmainlybycardandtablecoveringshavebeenreplacedwithcolourfulmattoilclothwhich can
beeasilycleanedandsanitisedbetweeneachuse;Afullrangeofsocialeventsalsotookplace, all
popularandwell-attended.TheFriendsofWillesboroughWindmillwereabletomakea substantial
donation to The Trust to finance the operation of the Windmill.

IncommonwithallbusinessestheWindmillhasseenanincreaseincostsforenergy,maintenance and
forcateringsupplies.Allusersareaskedtobeeconomicalwithenergyusage.Somecateringcosts have
been increased. The tenant of the Mill flat assists with minor maintenance and has cared for the Mill cat.

OurMillwright,PaulKemp,haskeptthemillrunningwithregularmaintenancechecks;volunteers have
tendedtothegroundsandplanting;ourthanksgotoallthosewhohavegivenfreelyoftheirtime. Grain
hasbeenmilledandsoldtothepublicinPluckley,GibbetOakandPerryCourtFarmShopsandis also
available at the Mill.

TheMillwillopenforMillToursfromApriltoOctober,Saturdays,SundaysandBankHoliday Mondays
from 2 - 5pm; during July and August it will also open on Wednesdays.

Weddings and Civil partnership ceremonies have fully re-commenced and the Mill is a popular venue.

CateringissuppliedbyMrsCobbs'KitchenintheBarnwhichhasreceivedmaximum5Stars hygiene
ratingfromAshfordBoroughCouncil"ScoresontheDoorsand"recommended"accoladefrom Restaurant
Guru.  Our thanks go to the voluntary staff who have made this possible.

Duringtheyearwehopetobeabletodevelopourheritagefieldandfinishtherebuilding of
WillesboroughlevelcrossingsignalboxandgatesandstarttherebuildingoftheKentish ragstone
mortuary building rescued from Willesborough Cemetery.

Page 2

WILLESBOROUGH WINDMILL TRUST (REGISTERED NUMBER: 02704659)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Willesborough Windmill also participated in the Wheels of Time initiative.

Thisisaschemesetupbyaconsortiumoforganisationstoenableyoungpeopletodiscover Kent's
museumsandheritagesites,whilstcollectingindividualbadgesalongtheway.Participantscanvisit any
ofthemuseumsandheritagesitesshownontheRoamin'Rex'smapandcollectoneofthe different
badges at each one, there are currently 57 participants.

Fundraising events planned for 2024 include: -

All the Trustees and volunteers are looking forward to a successful 2024.

FINANCIAL REVIEW

Financial review

Incomefortheyearamountedto£30,120(2023:£11,795)andexpendituretotalled£22,573 (2023:
£14,451).Thisresultedinasurplusfortheyearof£7,547(2023:deficit£2,656)andnetfundsat 31
March 2024 of £28,114 (2023 :£20,567).

Reserves policy

TheBoardofManagementhavereviewedthegeneralreservesheldbythecharityandfeelthatthey are
not excessive.

Duringtheyear,TheBoardofManagementhavereviewedthereservespolicyandfeelthatthe general
reservesshouldrepresentatleastoneyear'sexpectedsupportcostswhichwouldamountto £2,400
(2023:£2,400).At31March2024unrestrictedreservesamountedto£6,595(2023: £6,396).
MaintenancecostsaremainlycoveredbytheAnnualMaintenancegrantfromAshfordBorough Council
withotheressentialcostscoveredbyperiodicdonationsfromWillesboroughWindmillEnterprisesLtd and
Friends of Willesborough Windmill.

Designatedfundsat31March2024amountedto£nil(2023:£nil)andfurtherdetailscanbefound on
page 17.

Restrictedfundsat31March2024amountedto£21,519(2022:£14,171)andfurtherdetailscan be
found on page 16.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimited company,
limited by guarantee, as defined by the Companies Act 2006.

Page 3

WILLESBOROUGH WINDMILL TRUST (REGISTERED NUMBER: 02704659)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

WillesboroughWindmillTrustwasincorporatedasacompanylimitedbyguarantee,exemptunder section
30,andnothavingasharecapitalundertheCompaniesAct1985on7April1992asamended 13
January 2021 and is a registered charity, number 1022810.

Governance and management

TheBoardofManagementofWillesboroughWindmillTrustareresponsibleforthegeneralcontrol and
managementoftheadministrationofthecompany.TheaffairsofWillesboroughWindmillTrustshall be
managedbytheBoardofManagement.ThenumberofmembersoftheBoardshallnotbelessthan two
nor more than eight.

The members of the Board of Management during the year were as follows :

C George                J White
A D Terry               F Brann
E Crouch
C Drury

ThecompanyhasnosharecapitalandthemembersoftheBoardofManagementhavenointerestin its
surplus or assets and receive no remuneration.

Appointment of the Board of Management

TheBoardofManagementmayatanytimeappointanyperson(beingamemberoftheTrust)tobe a
memberoftheBoardofManagementeithertofillacasualvacancyorasanadditiontothe existing
membership.

Inaccordancewiththecompany'sArticlesofAssociation,CDruryretiresbyrotationfromtheBoard of
Management and, being eligible, offers himself for re-election.

Pay policy for key management personnel

TheBoardofManagementconsiderthattheycomprisethekeymanagementpersonnelofthecharity in
chargeofdirectingandcontrolling,runningandoperatingthecharityonadaytodaybasis.AllBoard of
Management members give of their time freely and no member received remuneration in the year.

Risk management

TheBoardofmanagementhaveexaminedthemajorstrategic,businessandoperationalriskswhich the
charityfacesandconfirmthatsystemshavebeenestablishedtoenablethecharitytolessenor mitigate
those risks.

PhysicalrisksattheMillhavebeenassessedandstepstakentomitigatethesewherepossible.TheMill is
ofcoursefullyinsured.TheMillisequippedwithfireextinguishersandsmokedetectors,good lighting
andemergencylighting.VisitorstotheMillarealwaysaccompaniedbyatrainedMillGuide. Risk
assessments have been carried out as necessary to define mitigation.

Withregardstofinancialrisks,theFriendsofWillesboroughWindmill,inconjunctionwiththeTrust, open
theMillforsevenmonthsofeachyearandholdeventstoraiseadditionalfunds.Theyalsooperate a
smallcaféonsite.TheseactivitieshelpbridgethegapbetweentheCouncilGrantandthecost of
repairs/refurbishment of the Mill. Where possible other Grants are obtained to carry out specific projects.

TheBoardofManagementhavereviewedtherisksassociatedwithCovid-19andhaveputinplace safety
measures to ensure National Guideline will be followed.

Approved by order of the board of trustees on 15 December 2024 and signed on its behalf by:

Ms F Brann - Secretary

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
WILLESBOROUGH WINDMILL TRUST

Independentexaminer'sreporttothetrusteesofWillesboroughWindmillTrust ('the
Company')

IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 March 2024.

Responsibilities and basis of report

Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').

HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunder Section
145(5) (b) of the 2011 Act.

Independent examiner's statement

Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin connection
with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.

David Ashby FCCA ACA

Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

16 December 2024

Page 5

WILLESBOROUGH WINDMILL TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
fund
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
15,600
7,000
Investment income
3
7,172
348
Total
22,772
7,348
EXPENDITURE ON
Charitable activities
4
The Preservation of the Willesborough
Windmill for the benefit of the general
public.
22,573
-
NET INCOME/(EXPENDITURE)
199
7,348
RECONCILIATION OF FUNDS
Total funds brought forward
6,396
14,171
TOTAL FUNDS CARRIED FORWARD
6,595
21,519		 2024
Total
funds
£
22,600
7,520
30,120
22,573
7,547
20,567
28,114		 2023
Total
funds
£
10,800
995
11,795
14,451
(2,656)
23,223
20,567		 
The notes form part of these financial statements

Page 6

WILLESBOROUGH WINDMILL TRUST (REGISTERED NUMBER: 02704659)

BALANCE SHEET 31 MARCH 2024

Unrestricted
Restricted
fund
funds
Notes
£
£
FIXED ASSETS
Tangible assets
8
98
-
Investments
9
1
-
99
-
CURRENT ASSETS
Debtors
10
-
-
Cash at bank
8,062
21,519
8,062
21,519
CREDITORS
Amounts falling due within one year
11
(1,566)
-
NET CURRENT ASSETS
6,496
21,519
TOTAL ASSETS LESS CURRENT
LIABILITIES
6,595
21,519
NET ASSETS
6,595
21,519
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2024
Total
funds
£
98
1
99
-
29,581
29,581
(1,566)
28,015
28,114
28,114
6,595
21,519
28,114		 2023
Total
funds
£
115
1
116
612
21,447
22,059
(1,608)
20,451
20,567
20,567
6,396
14,171
20,567		 
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 31 March 2024.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

continued...

Page 7

WILLESBOROUGH WINDMILL TRUST (REGISTERED NUMBER: 02704659)

BALANCE SHEET - continued 31 MARCH 2024

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
15 December 2024 and were signed on its behalf by:

J R White - Trustee

The notes form part of these financial statements

Page 8

WILLESBOROUGH WINDMILL TRUST

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.The financial
statementshavebeenpreparedunderthehistoricalcostconvention,withtheexception of
investments which are included at market value.

Group accounts exemption

ThefinancialstatementscontaininformationaboutWillesboroughWindmillTrustasan individual
companyanddonotcontainconsolidatedfinancialinformationastheparentofagroup. The
charityisexemptunderSection399(2A)oftheCompaniesAct2006fromtherequirements to
prepare consolidated financial statements.

Judgements and key sources of estimation uncertainty

Accountingestimatesandjudgementsarecontinuallyevaluatedandarebasedon historical
experienceandotherfactors,includingexpectationsoffutureeventsthatarebelievedto be
reasonable under the circumstances. There are no areas of judgment or key estimations.

Useful economic lives of tangible assets

Theannualdepreciationchargefortangibleassetsissensitivetochangesintheestimated useful
economiclivesandresidualvaluesoftheassets.Theusefuleconomiclivesandresidualvalues are
reassessedannually.Theyareamendedwhennecessarytoreflectcurrentestimates,based on
technologicaladvancement,futureinvestments,economicutilisationandthephysicalcondition of
the assets.

Income

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.

VoluntaryincomeincludingdonationsandgiftsisincludedintheStatementofFinancial Activities
when receivable.

Investment income is included when receivable.

RentalincomeisincludedintheStatementofFinancialActivitiesintheyearinwhichit is
receivable.

IncomefromgrantsisincludedintheStatementofFinancialActivitiesintheyearinwhichit is
receivable.

Governmentgrantsarerecognisedatthefairvalueoftheassetreceivedorreceivablewhen there
isreasonableassurancethatthegrantconditionswillbemetandthegrantswillbereceived. A
grantthatspecifiesperformanceconditionsisrecognisedinincomewhenthe performance
conditionsaremet.Whereagrantdoesnotspecifyperformanceconditionsitisrecognised in
incomewhentheproceedsarereceivedorreceivable.Agrantreceivedbeforethe recognition
criteria are satisfied is recognised as a liability.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.

continued...

Page 9

WILLESBOROUGH WINDMILL TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES - continued

Expenditure

Charitableexpenditurecomprisesthosecostsincurredbythecharityinthedeliveryofits activities
andservicesforitsbeneficiaries.Itincludesbothcostsallocateddirectlytosuchactivities and
those costs of an indirect nature necessary to support them.

Governancecostsincludethoseincurredinthegovernanceofthecharityandare primarily
associated with constitutional and statutory requirements.

Tangible fixed assets

Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.

Short leasehold Improvements- Straight line over 10 years
Equipment, Fixtures & Fittings- 15% on reducing balance
Donated assets- 15% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.

Designatedfundsrepresentfundssetasidebythedirectorsforspecificprojects.The designated
fundbalancehasbeenrepresentedtoensurethatfundbalancestatedaccuratelyreflects the
designation policy adopted by the Trustees.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.

Debtors and creditors receivable/payable within one year

Debtorsandcreditorswithnostatedinterestrateandreceivableorpayablewithinoneyear are
recorded at transaction price.Any losses arising from impairment are recognised in expenditure.

Going Concern

ThefinancialstatementshavebeenpreparedonagoingconcernbasisastheTrusteesbelieve that
nomaterialuncertaintiesexist.TheTrusteeshaveconsideredtheleveloffundsheldand the
expectedlevelofincomeandexpenditurefor12monthsfromauthorisingthese financial
statements.Thebudgetedincomeandexpenditureissufficientwiththelevelofreservesfor the
charitytobeabletocontinueasagoingconcern.TheTrusteeshaveputinplaceplansto mitigate
risksarisingfromCovid-19.Thecharityhasutilisedgovernmentmeasureswhichhave been
introduced to assist through the current crisis, such as the Small Business Grant Fund.

continued...

Page 10

WILLESBOROUGH WINDMILL TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

2.
DONATIONS AND LEGACIES
Donations
Grants
Grants received, included in the above, are as follows:
Ashford B C -Maintenance of the Windmill
Ashford B C- Administrative costs
3.
INVESTMENT INCOME
Rents received
Deposit account interest
4.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
The Preservation of the
Willesborough Windmill for the
benefit of the general public.
20,128
5.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 2024
£
13,600
9,000
22,600
2024
£
9,000
-
9,000
2024
£
6,963
557
7,520
Support
costs
£
2,445
2024
£
17		 2023
£
1,800
9,000		 2023
£
1,800
9,000
10,800
2023
£
7,000
2,000
9,000
2023
£
900
95
995
Totals
£
22,573		 2023
£
7,000
2,000
9,000
2023
£
900
95
995
2023
£
20

6. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2024nor for
the year ended 31 March 2023.

Trustees' expenses

Therewerenotrustees'expensespaidfortheyearended31March2024norfortheyear ended
31 March 2023.

continued...

Page 11

WILLESBOROUGH WINDMILL TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3,800
Investment income
977
Total
4,777
EXPENDITURE ON
Charitable activities
The Preservation of the Willesborough
Windmill for the benefit of the general
public.
14,451
NET INCOME/(EXPENDITURE)
(9,674)
RECONCILIATION OF FUNDS
Total funds brought forward
16,070
TOTAL FUNDS CARRIED FORWARD
6,396
8.
TANGIBLE FIXED ASSETS
Short
Equipment,
leasehold
Fixtures
Improvements
& Fittings
£
£
COST
At 1 April 2023 and 31 March 2024
16,564
3,087
DEPRECIATION
At 1 April 2023
16,564
2,978
Charge for year
-
16
At 31 March 2024
16,564
2,994
NET BOOK VALUE
At 31 March 2024
-
93
At 31 March 2023
-
109		 Restricted
funds
£
7,000
18
7,018
-
7,018
7,153
14,171
Donated
assets
£
500
494
1
495
5
6		 Total
funds
£
10,800
995
11,795
14,451
(2,656)
23,223
20,567
Totals
£
20,151
20,036
17
20,053
98
115		 
Shortleaseholdimprovementsamountingto£7,683,representimprovementstotheWindmill prior
tothegrantingofanew25yearleaseon1April2002.Theyhavebeenwrittenoffoverthelife of
the previous lease.

Additionalimprovements,totalling£8,881,aretobewrittenoffoveranexpectedusefullifeof 10
years.

continued...

Page 12

WILLESBOROUGH WINDMILL TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Unlisted
investments
£
MARKET VALUE
At 1 April 2023 and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1 
There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the
following:

Willesborough Windmill Enterprises Ltd

Registered office:
%
Class of share:
holding
Ordinary
50
Aggregate capital and reserves
Profit/(loss) for the year
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
Accruals and deferred income
12.
MOVEMENT IN FUNDS
At 1/4/23
£
Unrestricted funds
General fund
6,396
Restricted funds
Ashford Borough Council Maintenance
Fund
11,424
NHMF Lottery Fund
2,747
14,171
TOTAL FUNDS
20,567		 31/3/24
£
5,853
2,932
2024
£
-
2024
£
450
1,116
1,566
Net
movement
in funds
£
199
7,287
61
7,348
7,547		 31/3/23
£
2,921
(566)
2023
£
612
2023
£
450
1,158
1,608
At
31/3/24
£
6,595
18,711
2,808
21,519
28,114		 
continued...

Page 13

WILLESBOROUGH WINDMILL TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Ashford Borough Council Maintenance
Fund
NHMF Lottery Fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Ashford Borough Council Maintenance
Fund
NHMF Lottery Fund
TOTAL FUNDS
Comparative net movement in funds, included in the above
Unrestricted funds
General fund
Restricted funds
Ashford Borough Council Maintenance
Fund
NHMF Lottery Fund
TOTAL FUNDS		 Incoming
resources
£
22,772
7,287
61
7,348
30,120
At 1/4/22
£
16,070
4,424
2,729
7,153
23,223
are as follows:
Incoming
resources
£
4,777
7,000
18
7,018
11,795		 Resources
Movement
expended
in funds
£
£
(22,573)
199
-
7,287
-
61
-
7,348
(22,573)
7,547
Net
movement
At
in funds
31/3/23
£
£
(9,674)
6,396
7,000
11,424
18
2,747
7,018
14,171
(2,656)
20,567

Resources
Movement
expended
in funds
£
£
(14,451)
(9,674)
-
7,000
-
18
-
7,018
(14,451)
(2,656)		 
continued...

Page 14

WILLESBOROUGH WINDMILL TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:
Net
movement At
At 1/4/22 in funds 31/3/24
£ £ £
Unrestricted funds
General fund 16,070 (9,475) 6,595
Restricted funds
Ashford Borough Council Maintenance
Fund 4,424 14,287 18,711
NHMF Lottery Fund 2,729 79 2,808
7,153 14,366 21,519
TOTAL FUNDS 23,223 4,891 28,114 
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Unrestricted funds
General fund
Restricted funds
Ashford Borough Council Maintenance
Fund
NHMF Lottery Fund
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
27,549
(37,024)
(9,475)
14,287
-
14,287
79
-
79
14,366
-
14,366
41,915
(37,024)
4,891		 
TheAshfordBoroughCouncilMaintenanceFundisforthepurposeofmaintenanceofthe Windmill.
£7,000 is received each year, for 25 years, from Ashford Borough Council.

TheLotteryFundisrestrictedtothepurchaseofnewsweepsandatotalof£35,000was initially
awarded.

13. RELATED PARTY DISCLOSURES

CertainmembersofthecompanyarealsomembersofTheFriendsofWillesboroughWindmill. Any
surplusarisingfromthetradingactivitiesofTheFriendsofWillesboroughWindmillisdonated to
the company in accordance with The Friend's Rules.

During the year £13,150 (2023: £2,000) was received from The Friends of Willesborough Windmill.

CertainmembersofthecompanyarealsodirectorsofWillesboroughWindmillEnterprisesLtd. Any
surplusarisingfromthetradingactivitiesofWillesboroughWindmillEnterprisesLtdisgiftedto the
company.

During the year £nil (2023: £nil) was received from Willesborough Windmill Enterprises Ltd.

continued...

Page 15

WILLESBOROUGH WINDMILL TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

14. COMPANY STRUCTURE

Thecompanyisacompanylimitedbyguaranteeandnothavingasharecapital.Everymember of
thecompanyundertakestocontributeinawindingupasumnotexceeding£1whilsttheyare a
member,orwithinoneyearafterceasingtobeamember,towardsdebtsandliabilities contracted
beforeceasingtobeamember.AllmembersofthecompanyarealsomembersoftheBoard of
Management.

15. DESIGNATED FUNDS

ThedesignatedfundforMillPaintingworkrepresentsfundssetasideforthecyclicalpaintingof the
Windmill. The five year cycle of mill painting started in 2018, this was completed in 2021/22.

Next year the next cycle of mill painting will commence and funds will be put aside each year.

Page 16